Category Archives: Tools

Another Peachtree tip for year-end accounting

When moving to the beginning of your tax year in Peachtree Accounting, be sure to adjust for the new state unemployment rate.

This will insure the accuracy of Peachtree’s calculation of the amount you’ll pay at the end of the first quarter.

 

year end tips for peachtree accounting

Make these adjustments at the beginning of your tax year

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Other firms give you a list but we give you a tool

A list of your assets is great for estate planning but, in addition, what
your heirs will appreciate is a map to find the items they need after you’re gone.  This downloadable form (see the link below) will not only make sure you have the vital estate documents, but will help your heirs to locate them as well.

Download (PDF, 142.05KB)

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How to safely close the year in Peachtree Accounting

 For our clients using Peachtree Accounting:

If you own one of the Premium versions of Peachtree Accounting, you’ll get the following screen during the year end close at period 24.

Close year-end in Peachtree

Check this before closing

 

By checking the Archive Company box, you’ll cause the system to create an extra company and preserve the ability to view all reports of prior year data.

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This group fails their audit 92% of the time.

One way to determine the power of any organization is to take a look at their numbers. 

Without commenting on the good accomplished or the harm done, one has to grant the Unions are  powerful forces in the social and political structure of America.

Need some proof? Here are some convincing stats. Take special notice of the last two lines.

Financial Information

Annual Dues Paid to Unions: $8,217,838,676
Total Union Assets: $8,804,794,935
Total Spending
Representational Activities: $4,081,097,858
Political Activities: $579,624,489
External Contributions: $321,121,214
Overhead: $3,905,927,269

Color logo of the National Labor Relations Boa...

Image via Wikipedia


Unions that fail to pass Department of Labor audits: 92%

Union Officials

Total union officers and staff members: 173,503 people
Total compensation paid to union officials and officers: $1,141,540,980
Total compensation paid to union employees: $2,562,757,481

Diversity

Major Unions with White Presidents: 94%
Major Unions with Male Presidents: 89%

Labor Law Violations

Unfair Labor Practices filed against unions in the last 10 years: 65,529
Duty of Fair Representation 32,235
Hiring Halls 2,236
Actions of Picketers 1,742
Union Security Related (including Beck) 1,636
Coercive Statements 1,376

Source: National Labor Relations Board Case Activity Tracking System database.

Union Membership as a percentage of total U.S. Labor Force

Total Union Members: 14.7 Million
Percentage of Workforce that is Unionized: 11.9%
Private Sector Employees: 7.0 million (6.9%)
Public Sector Employees: 7.6 million (36.2%)

Source: UnionStats.com analysis of Bureau of Labor StatisticsCurrent Population Survey.

 

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How to really “Share the Wealth”

Our country’s CEO has said we should “share the wealth.” We have a way for you to do just that. By clicking
the circled links, (see the top and bottom sections of a prior post below) you can share a wealth of tax-savings ideas with all your friends who use social media. And best of all, it won’t cost you a cent to spread this kind of wealth.

post to twitter and facebook

How to really share the wealth

 

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Filed under For Individuals, Tax, Tools

Is the tax code “cloudy” to you?

Having trouble understanding all the ins and outs of tax planning? Just click one of the rotating subjects in the cloud below and you’ll get our expert commentary and planning ideas!

 

 

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When you do the math. . .

chart of federal debt. . .You find the best argument you could ever desire for Federal term limits.

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Why most clients are in violation of their Quickbooks license and don’t even realize it!

Quickbooks symbol As if the IRS wasn’t enough to deal with, now Quickbooks owners have another hidden trap that Intuit is just waiting for you to stumble into. The trap centers around the wording in the licensing agreement. Simply put, it’s not a per user license like most multi-user software. Instead, it’s a per person license.
Let me illustrate with the example that an Intuit rep gave me.
  • Business owner buys QB and installs on one computer belonging to the bookkeeper.
  • One Bookkeeper does all accounting work during the normal course of business (on one computer) and leaves at 5:00PM
  • At 5:15 business owner needs a deposit report for the day and goes to bookkeeper’s computer and runs the report
  • Business is in violation of the software agreement and is required to buy another Quickbooks license.

Same result if a salesman grabs a customer report once a year.
Intuit has expressed the desire to pursue legal action on the above real-life example.
Customer abuse? You be the judge!

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Protected: Tax breaks of C Corporations


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What’s in your wallet …(or on your copier)?

 

Credit cards

 

 

I’ve always liked the Capital One credit card commercial that closes with the line “What’s in your wallet?”
We’re asking, “What’s on your copier?” The amount of confidential data that’s stored forever on your  business copier
might surprise and come back to haunt you. Need proof? Check out this video.

 

Secrets that your copier keeps

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Land of the free and home of the subsidized?

Under the “department of statistics that really scare me” , here are some charts that show
the rapid growth of Americans on the government dole.

Growth of Federal subsidy programs

Growth of Federal subsidy programs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here’s the same information showing which departments are the most culpable.

which department is the most culpable

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Here’s how to send us your data

We’ve been asked how the free portal service lets you securely send your data to us. Just click the image below and
watch how easy it is.

Sending us your files

How to securely send your data

 

 

 

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How to determine your “real” yield- a free spreadsheet

Things are rarely what they appear to be in the financial markets.
Sometimes your real yield is what is left after the taxes have been paid.

E-mail us for the free spreadsheet below to determine the effective yield of
a tax-free investment vs one that is fully taxable.

spreadsheet to calculate yield

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No time for professional reading? We can help!

As we find useful articles on marketing your company, etc. We’ll post a review on your individual portal. Here’s a sample of a great book I recently read on commons sense marketing [See this Link].

You receive an email from us telling you that we added information to your portal and a Flag (like the one below) that designates the new info.

saving our client's time

Saving our client's time

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Small business bookkeeping tool

For the small business, this one tool will track present a financial picture of all checks, deposits, wire transfers, and balance of your business accounts.

Use this link. [Requires Excel 2007 or greater.]Small Business Record Keeping

Excel-based bookkeeping

Small Business Bookkeeping


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The business truth about price-cutting- it’s not what you think

Sales are down, so we need to cut prices-right? Not necessarily. The truth illustrated in the video below shows that price cutting in almost never the way to grow profits.

The video shows that, at a 35% profit margin, a 10% price cut means you must increase sales by 40% just to stay even. Hard to believe? Take a look below.

E-mail us if you’d like a free analysis of your own business pricing structure.

Price cutting -not as helpful as you might think

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